Hello Traders & Investores, Here is the List with brief explanation on INDIAN STOCKS TO WATCH- Friday 23 DEC - Igarashi Motos, JBM Auto, Sun Pharma, Suzlon, Tata Motos......
Centrum Capital Ltd:
Centrum Capital Ltd., financial services company will be in focus as its promoters increased stake in the company through open market purchases, taking their total stake to 37.25% in a Rs 510 million deal.
Edelweiss Financial Services Ltd:
Edelweiss Financial Services Ltd., financial solution provider, will be in focus after it unveiled plans to raise Rs 6.00-7.50 billion through a public issue of its consumer lending unit, ECL Finance, according to several people close to the development.
Goodluck Steel Tubes Ltd:
Goodluck Steel Tubes Ltd., maker of carbon black, ERW galvanised pipes and tubes, will be in focus after it announced that a meeting of the Board of Directors of the Company is scheduled to be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis
Hinduja Ventures Ltd:
Hinduja Ventures Ltd., will be in focus after it informed exchanges that the Board of Directors at its meeting held December 22, 2016, has approved the disinvestment of 43.65 million equity shares of Rs 10 each held by the Company in Hinduja Energy (India) Limited.
Igarashi Motors India Ltd:
Igarashi Motors India Ltd., maker of permanent magnet DC motors for automotive sector, will be in focus after it informed exchanges that the meeting of the Board of Directors of the Company is scheduled on December 26, 2016, to discuss and consider business re-organization, including amalgamation of group Company(ies), to achieve synergies in business operation.
JBM Auto Ltd:
JBM Auto Ltd., engaged in auto ancillary services, will be in focus after it informed exchanges that a meeting of Board of Directors is scheduled to be held on December 29, 2016, to re-consider the proposal for various fund raising options including through Qualified Institutions Placement subject to taking of shareholders' approval.
JK Paper Ltd:
JK Paper Ltd., the paper maker will be in focus after it informed exchanges that it decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20%t shareholding of OJPPL to OHC, one of the joint venture parties.
Sun Pharmaceutical Industries Ltd:
Sun Pharmaceutical Industries Ltd., the largest drugmaker by market value, will be in focus after BofA-ML maintained buy rating but slashed its target price to Rs 750 from Rs 790 earlier. Odomzo acquisition to strengthen specialty portfolio, said the brokerage note.
Suzlon Energy Ltd:
Suzlon Energy Ltd., the wind turbine maker will be in focus as it considers selling 49% stake in its special purpose vehicle (SPV) Rudra Solarfarms Ltd to Canadian solar firm AMP Solar Group for Rs 140 million, said a media report.
Tata Motors Ltd:
Tata Motors Ltd ., the owner of Jaguar Land Rover (JLR) luxury brand, will be in focus as the sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim Chairman Ratan Tata.
Tata Metaliks Ltd:
Tata Metaliks Ltd., largest pig iron maker will be in focus after its amalgamation of Tata Metaliks DI Pipes with itself is effective from Thursday. Both firms are part of Tata Steel.